Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This section applies to a superannuation interest under this Act (the original interest ) if:
(a) the Finance Secretary receives a splitting agreement or splitting order in respect of the original interest; and
(b) the member spouse and the non - member spouse are both alive at the operative time; and
(c) if a base amount applies--the base amount at the operative time is not more than the family law value or scheme value.
Note: If the same superannuation interest is subject to 2 or more payment splits, then this section applies separately in relation to each of those splits.
Associate immediate allowance
(2) If, at the operative time, a standard allowance is payable in respect of the original interest, then the non - member spouse is entitled to an associate immediate allowance from the operative time at the rate calculated under the Allowance Orders by reference to the transfer amount.
Associate deferred allowance
(3) If, at the operative time, a standard allowance is not payable in respect of the original interest, then the non - member spouse is entitled to an associate deferred allowance in accordance with section 4AC.
Rounding of transfer amount
(4) For the purposes of subsection (2), the transfer amount is to be rounded to the nearest cent (rounding 0.5 cents upwards).